Kurt D. Forche - Feb 17, 2023 Form 4 Insider Report for KELLOGG CO (K)

Role
VP-Corporate Controller
Signature
Gary H. Pilnick, Attorney-in-Fact
Stock symbol
K
Transactions as of
Feb 17, 2023
Transactions value $
-$402,831
Form type
4
Date filed
2/22/2023, 06:27 PM
Previous filing
Feb 10, 2023
Next filing
Oct 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction K Common Award $0 +6.54K +102.65% $0.00 12.9K Feb 17, 2023 Direct F1
transaction K Common Tax liability -$138K -2.02K -15.65% $68.38 10.9K Feb 17, 2023 Direct
transaction K Common Options Exercise $0 +1.87K +17.16% $0.00 12.8K Feb 21, 2023 Direct F2
transaction K Common Tax liability -$38.2K -554 -4.34% $68.91 12.2K Feb 21, 2023 Direct
transaction K Common Sale -$226K -3.27K -26.75% $69.36 8.94K Feb 22, 2023 Direct F3
holding K Common 119 Feb 17, 2023 By 401(k) Profit Sharing Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction K Restricted Stock Units Award $0 +1.98K $0.00 1.98K Feb 17, 2023 Common 1.98K Direct F2, F4
transaction K Restricted Stock Units Options Exercise $0 -1.87K -100% $0.00* 0 Feb 21, 2023 Common 1.87K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of performance rights granted February 21, 2020, in connection with the Company's 2020-2022 Executive Performance Plan, which are paid in stock.
F2 Each restricted stock unit represents a contingent right to receive one share of Kellogg common stock.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.35 to $69.36, inclusive. The reporting person undertakes to provide to Kellogg Company, any security holder of Kellogg Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F4 The restricted stock units vest on February 17, 2026, the third anniversary of the grant date.